Product Description Optimization and analysis of systems through modelling are practices common to many engineering and scientific problem solving tasks. These techniques can be used to enhance productivity and understand and design systems better. Although they are routinely used in academia and industries abroad, such practices are yet to be popular in Indian industries and academics. This workshop proceedings presents a number of state-of-the-art papers written by experts (both from academia and industries) in the field of optimization and systems analysis from USA and India. The papers involve theoretical treatise, classical optimization methodologies, evolutionary optimization procedures and application issues. The application domains include engineering design of systems, components and processes, bioinformatics, finance, and resource allocation problems. Anyone interested in understanding, using and researching in the area of optimization will find this proceedings useful. About the Author Kalyanmoy Deb is a professor of Mechanical Engineering at the Indian Institute of Technology (IIT) Kanpur. He obtained his PhD from the University of Alabama. His main research interests are in the area of computational optimization, modelling and design, and evolutionary algorithms. He is the recipient of the prestigious Shanti Swarup Bhatnagar Prize in engineering sciences and the Thomson Citation Laureate Award. He has published more than 180 papers in international journals and has authored two textbooks. He is a Fellow of the Indian National Academy of Engineering and the Indian Academy of Sciences. Partha Chakroborty is a professor in the Department of Civil Engineering at the IIT Kanpur. He obtained his PhD from the University of Delaware. His areas of interest include optimal design of transport systems and driver behaviour modelling. He has over 30 research papers in international journals and has authored one textbook. N. G. R. Iyengar retired recen